TAG: Commodities
Brent crude to remain range-bound in near term, may witness some decline: Emkay
Brokerage house Emkay Wealth Management, the advisory arm of Emkay Global Financial Services, expec...
8 months ago
Beat the street: NVIDIA; Walmart; Home Depot; gold
Investors eye Walmart and Home Depot results this week for any comments on margins and current demand trends. Gold prices hit their highest level in almost a week on a softer dollar and ongoing tensions in the Middle East. (AI Video Summary) Tech and...
7 months ago
'Bitcoin's ETF approval marks its maturity as an investment'
But, Hector McNeil, founder and CEO of HANetf, says if the pattern is repeated from the first EFT in gold two decades ago, then this is the beginning of the maturity of Bitcoin into an investment that will form part of many portfolios. He says the ‘wild w...
7 months ago
Beat the street: strong PPI data takes USD up
So long as this remains there’s no chance that US rates will be down in the first half of the year. IGTV’s Jeremy Naylor looks across the numbers and the effect on the start of today’s session. Equity indices are under pressure and money is going into the...
7 months ago
Market excitement is fueled by the Nikkei 225's all-time high
(AI Video Summary) The Nikkei 225 The Nikkei 225, a stock index in Japan, is close to breaking its all-time high record. Additionally, the European markets, represented by the German DAX and the French CAC, are expected to start strong with record levels....
7 months ago
Asia Day Ahead: US holiday to leave quieter start to the week, China back in focus
Market Recap Above-expectations producer price index (PPI) readings out of the US last Friday contributed to some inflation jitters following the earlier consumer price index (CPI) scare, leading Wall Street to end the week in the red for the first time i...
7 months ago
As the UK's inflation rate declines, European stock markets rise
(AI Video Summary) UK's inflation rate During a recent IT call, it was reported that the UK's inflation rate, known as the Consumer Price Index (CPI), was slightly weaker than expected. This news had a small impact on European stock markets, causing them...
7 months ago
US rate cut expectations pared back to June following hot inflation print
US rate cut expectations have been pared back to June The Federal Reserve (Fed) officials are taking a cautious approach when it comes to rate cuts, as they believe more time is needed before implementing any changes. This sentiment was reinforced by...
7 months ago
Asia Day Ahead: Hot US inflation print drives near-term shunning, Indonesia election in focus
Market Recap A hotter-than-expected print in US January consumer price index (CPI) data kept Wall Street on the backfoot overnight, as market participants recalibrated their rate expectations to price for a later timeline for Federal Reserve (Fed)’s rate...
7 months ago
US stock market bulls are facing a reality check (3 ominous signs to watch)
Goods-based inflationary pressures in the US may resurface in H2 2024 due to leading bullish momentum built-up in commodities. Persistent low correlation readings among S&P 500 constituents may trigger a spike in the VIX. The leading Nasdaq 100 has d...
7 months ago
Morgan Stanley sees brent crude prices hitting $90/barrel this summer
Global brokerage house Morgan Stanley sees brent crude oil prices hitting $90 per barrel this summer. The brokerage has revised its Brent oil price projections upward by $10 per barrel to $90 for the third quarter of 2024. This adjustment is attributed t...
6 months ago
Gold sets a new record high
US indices The session was mixed overnight in the Asia–Pacific (APAC) region, following the lead of US indices on Monday. Hong Kong’s Hang Seng recorded the best performance. The Caixin China General Manufacturing PMI A few important statistics were publi...
6 months ago
ASX 200 afternoon report: 2 April 2024
The ASX 200 trades 22 points (-0.28%) lower at 7874 at 3.20pm AEDT. The ASX 200 has reversed lower this afternoon, retreating from the fresh record high of 7910.5, it struck this morning after trading resumed from the Easter mini break. Headwinds from Wa...
6 months ago
Week ahead: NFP; China Caixin; trade; RBA minutes; OPEC+
The minutes from the Reserve Bank of Australia might prompt volatility for the Australian dollar. OPEC and non-OPEC ministerial meeting takes place 3 April. Plus, watch out for earnings from Sodexo. (AI Video Summary) Data expected in the week ahead I...
6 months ago